I had further discussions with CoachViking and Gruad and this is the proposed plan:
Defining the Genesis Contributors
The list below indicates the current list of contributors in the Genesis Team and therefore eligible for distribution. Those in RED are not eligible for the distribution. From the list, there are 25 eligible contributors. Note that this Genesis token distribution should not be construed as typical compensation.
There will be 2 tiers of contributors:
T1 - critical activity / leadership group;
T2 - everybody else.
Everyone starts off as T2. If someone believes that they should be at T1, they need to self nominate that they are intending to apply for T1, state the reasons why, and be supported by the rest of the membership group. Support can be given via testimonials, and will be ultimately put to a vote with a simple majority once the T1 candidate slate has been formed.
If you intend to apply for T1, please ask yourself objectively the following questions:
- Have I been contributing actively within the last 3 months to further the core mission and strategic tasks of the Frabric?
- Am I contributing without being given directions from other members?
- Have I been actively contributing in various calls with vocal participation and feedback on current discourse?
- Would the team that I am contributing in cease to stop functioning if I didn’t contribute or that the Frabric cannot function as a system without my contributions?
- Would the Frabric have great difficulty finding a replacement for the various tasks that I have been contributing on?
- Have I created, co-authored, or edited significant amounts of content that is being used by the various teams and others in the Frabric?
If the above fits your profile, please make a post to nominate yourself for the T1 Contributor Role. Note that there should not be any more T1s than T2s, and if this ends up being the case, a runoff vote will be carried out and each trailing member eliminated until the T1 group size is less than T2.
The final slate of T1/T2 contributors will be used for distributing the Genesis token tranche.
Genesis Token Distribution
2.5% of the total token supply or 25M tokens will be distributed to the entire group.
50% of the 25M tokens (12.5M) will be for T1 contributors.
50% of the 25M tokens (12.5M) will be for T2 contributors.
Currently all tokens will be vested, with a TBC quantity (8% or 2M suggested as of this writing) of tokens to be unlocked at initial distribution and at every month for X months (12 months suggested as of this writing). Clarification/finalization of these values will be made asap.